New York Fed Names Supervision Chief

Kevin Stiroh appointed head of financial institution supervision

The Federal Reserve Bank of New York named Kevin Stiroh, a 15-year veteran at the regulator, as its top banking cop in a leadership transition that spotlights its overhaul of the bank supervision group, which has faced criticism in recent years.

Kevin Stiroh, whose appointment takes effect Oct. 26, has a Ph.D. in economics and some private-sector experience, though not at a bank. That was a key factor for the regulator as it looked for a candidate that hadn’t come directly from a Wall Street lender to avoid any conflicts of...